Refinery project gets greenlight

China has approved a plan by the China National Petroleum Corporation (CNPC) to build a huge refinery in Guangxi in South China.

China Yangtze Power eyes rival

China Yangtze Power Co plans to buy a 45 percent stake in Hubei Provincial Energy Group Co for 3.1 billon yuan.

Corporate-owned shares in Bank of Communications (BoCom) have opened for bids in anticipation of the bank going public on the domestic stock market.

The Shenzhen-based Ping An Insurance (Group) Co raised 38.87 billion yuan (US$5 billion) as the second mainland-listed insurer.

Yi Gang, assistant governor of the People's Bank of China, said yesterday that the current interest rate level is "appropriate."

Shougang Corp will inject the assets of its new, planned plant into a Shenzhen-listed arm, to enable it to list in its entirety.

Two mainland property developers are selling shares in Hong Kong, despite the authorities' policies to check overheating in the sector.

UBS' China joint venture is set to open in March to begin arranging domestic stock and bond deals for Chinese companies.

The Shenzhen Stock Exchange plans to require all its member brokers to test backup trading systems to prevent "technical catastrophes".

Shenzhen Development Bank Co last week named Xiao Suining as its president, according to a statement.

Everbright Securities Company is planning to go public as early as possible, said its Chairman of Board Wang Mingquan.

Ping An Insurance (Group) started on-line road show on Friday afternoon after announcing the shares of its initial public offering.